The expenditure on obligatory insurance against civil liability for cars which at the time in Europe amounts to 18 billion a year, could decline by 10% with the arrival of the basic agreement that all companies will be required to offer. With the contract the consumer can have a base to compare the various companies with more freedom and simplicity and then will be able to consciously choose the policy that best really meets his needs. The new type of contract will ensure greater mobility of the insured from one company to another, more competition and therefore more cost effective policies. Keep an eye then on the comparison services online.
The contract will have a base minimum cover required by law, no deductible, full coverage, bonus malus clause and a free guide. Therefore there will be no limitations on the driver. The award will be defined by the customer and the vehicle. The cost of warranty and additional service must be indicated separately. The reimbursements from insurers to the insured will be limited to the most serious cases.
With this initiative our children will be able to spot a fraud and the long awaited enactment of standardized tables for compensation for serious injuries and biological damage will be realised. Saving the motorists becomes truly remarkable.